Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2350 Starfish Rd Virginia Beach, VA 23451-1299
    Back to Search
    Property profile & analytics

    2350 Starfish Rd, Virginia Beach, VA 23451-1299

    View on Map
    • Turn key restaurants
    • 1,288 SF
    • 0.59 lot acres
    Off-Market
    Last Sale Feb 10, 2023
    Property ID
    US87-1847309
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Пляж Вирджиния / Hotel & Motel

    Property Details for 2350 Starfish Rd

    Year built
    1979
    Lot size
    0.59 lot acres
    Zone code
    B4
    Property type
    Turn key restaurants
    APN
    15901009560000
    APU
    15901009560000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2023 — Westminster Canterbury On Chesapeak Lynnhaven Inlet Fishing Pier Corpor Deed Of Distribution —
    — — Inlet Fishing Pier C Lynnhaven — Deed Of Trust · related $475k · Towne Bank
    — — Westminster-canterbury On Ches — Deed Of Trust · related $3M · Suntrust Bk
    — — Inlet Fishing Pier C Lynnhaven — Deed Of Trust · related $550k · Towne Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Virginia Beach
    County
    Virginia Beach City
    State
    Virginia
    Longitude
    -76.0776
    Latitude
    36.9126
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,441
    $1,315,200
    $42,500
    $1,357,700
    -
    $1,315,200
    $42,500
    $1,357,700

    Comparable in this City

    • Value Estimation by Request

      2026 Atlantic Ave, Unit TLH

      RESTAURANT
      2026 Atlantic Ave, Virginia Beach, VA 23451
      View Details
    • Value Estimation by Request
      1,152 SF

      Virginia Beach, VA 23451

      RESTAURANT
      Virginia Beach, VA 23451
      View Details
    • Value Estimation by Request
      1,440 SF

      203 22nd St

      RESTAURANT
      203 22nd St, Virginia Beach, VA 23451-3326
      View Details
    • Value Estimation by Request
      2,192 SF

      2612 Atlantic Ave

      RESTAURANT
      2612 Atlantic Ave, Virginia Beach, VA 23451-3144
      View Details
    • Value Estimation by Request
      2,100 SF

      2410 Atlantic Ave

      RESTAURANT
      2410 Atlantic Ave, Virginia Beach, VA 23451-3204
      View Details
    • Value Estimation by Request
      1,152 SF

      Virginia Beach, VA 23451

      RESTAURANT
      Virginia Beach, VA 23451
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Freestanding Building on Shore Drive

      Freestanding building with four drive-thru lanes on Shore Drive.
      2993 Shore Dr, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      5,553 SF

      Waterfront Restaurant/Event Space Available

      Two-story, 5,551 SF building on 1.26 acre waterfront site.
      800 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • $1,400,000

      Virginia Beach Retail/Restaurant Opportunity

      Freestanding 3,270 SF building in prime Virginia Beach location.
      1001 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      10,003 SF

      Two-Story Office Building in Virginia Beach

      Two-story, 10,000 SF office building on one acre.
      1613 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      9,588 SF

      Retail Asset in Beach Community

      Well-performing retail property in a beachfront community.
      3041 Shore Dr, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      6,000 SF

      Retail Building with Warehouse Space

      Freestanding retail building with warehouse in ViBe Creative District.
      623 Virginia Beach Blvd, Virginia Beach, VA 23451
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,010 SF

      Retail Space Near Bayfront Suites

      Retail property with diverse tenant mix near Delta Hotels.
      2817 Shore Dr, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Prime Location Near Virginia Beach

      Four-acre site near the Virginia Beach Oceanfront.
      941 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Oceanfront Restaurant or Retail Space

      Former restaurant space near boardwalk, hotels, and tourist attractions.
      3420 Atlantic Ave, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      4,000 SF

      Boardwalk Retail Space For Rent

      Prime location retail space on the North End boardwalk.
      2901 Atlantic Ave, Virginia Beach, VA 23451
      View Details
    • Contact for pricing

      Prime Retail Location Near Oceanfront

      Retail space in established shopping hub near Virginia Beach Oceanfront.
      958A-984 Laskin Rd, Virginia Beach, VA 23451
      View Details
    • Contact for pricing
      6,000 SF

      Vibrant Vibe District Retail Space

      Retail space in Virginia Beach's vibrant Vibe District.
      329 Virginia Beach Blvd, Virginia Beach, VA 23451
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 Starfish Rd
    Virginia Beach, VA 23451-1299
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2350 Starfish Rd, Virginia Beach, VA, 23451
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!